Calculate GVAfc(i) Units of output sold1000(ii) Price per unit of outp

1.	Calculate GVAfc(i) Units of output sold1000(ii) Price per unit of outpu30(iii) Depreciation1000(iv) Intermediate cost 12,000(v) Closing Stock 3000(vi) Opening stock 2000(vii) Excise duty 2500(viii) Sales tax3500
Answer» GVOmp = sales + change in stock = (1000 x 30) + ( 3000 – 2000) = 30000 + 1000 = 31000 GVAfc = GVOmp – IC - NIT = 31000 – 12000 - 6000 GVAfc = 13000

Calculate GVAfc(i) Units of output sold1000(ii) Price per unit of outpu30(iii) Depreciation1000(iv) Intermediate cost 12,000(v) Closing Stock 3000(vi) Opening stock 2000(vii) Excise duty 2500(viii) Sales tax3500

Answer»

GVOmp = sales + change in stock

= (1000 x 30) + ( 3000 – 2000)

= 30000 + 1000

= 31000 GVAfc = GVOmp – IC - NIT

= 31000 – 12000 - 6000

GVAfc = 13000

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Calculate GVAfc(i) Units of output sold1000(ii) Price per unit of outpu30(iii) Depreciation1000(iv) Intermediate cost 12,000(v) Closing Stock 3000(vi) Opening stock 2000(vii) Excise duty 2500(viii) Sales tax3500

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